ONGC sell for intraday tradingONGC sell for intraday trading if stock break the given support level then we will short the trade........
ONGC trade ideas
ONGC - Further fall possible - Windfall TAX & Falling Crude It appears that fall in ONGC will continue..
On 1st July, it was announced that taxes will be imposed on the export of petrol, diesel, and jet fuel shipped overseas by Indian companies. ONGC went down more than 15-17% within two trading sessions following this announcement. FYI- Reliance also saw more than 7-8% fall for the same reason.
There is huge Crude sell of globally - it has fallen more than 11% on 5th July. ONGC will see the impact of this as well on top of Winfall TAX.
On a chart, ONGC has broken the support trendline (weekly).. immediately heavy sell off after this. ONGC chart is also an example of failing inverse head & shoulder pattern. Also heavy call writing at 140 following 130 & 135 levels which will act as resistance for month of July.
Currently it's trading at 125, next support is at 117 and then 108 & 97. Breaking this could take it up to 86 (strong support & fib level) in near future.
LTP - 125, 117- S1, 108 - S2, 97 - S3.. 86 is a major support as per chart pattern.
Buying stocks at 108, 97 or 86 would be good idea for a long term investor though!
ongcas the most of the stocks are and this one as well in the downtrend. on the weekly basis ONGC made big rounding bottom now it is breaking that break out level previous week it tested those levels and went up. and this time it is down with volume at the high side. if it doesnt move above 152 this coming week, it may move towards 131 as per fibo levels.
fundamentally as oil prices are reducing may impact the company.
for now sell on rise as it has made perfect bearish form.
these are my personal views please contact your advisor for taking the position.
Ongc Ongc is trading on its crucial support,if market respect 130 level then we should go blindly long and we can reach 150 in 2 days.
ONGC/ USOIL ratio - Buy ONGCThe ratio has been one way down. What it means is that while oil price is roughly where it was ONGC price has crashed and become totally disconnected from fundamentals. Stock looks cheap if insanity were to subside
ONGC LONGONGC bouncing back from key support zone.
Keeping a tight SL around 15-20 points, we can expect it's first target of around 30 points.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
ONGC - at support (buy)10-11% dividend yield. Prices in 60usd WTI
Few value stocks available in mkt. This is one of them
ONGC sell for intraday tradingONGC sell for intraday trading if stock break the given support level then we will sell the stock......
ONGC making definetive up movesONGC CMP 162 is looking strong. A long term Candidate. Fresh entry above 164.5 closing. Once this resistance is crossed the targets will be 173 and 181 and 191 in the long term. Stop Loss to be maintained at Closing below 130. ONGC is a High Dividend yield stock. At CMP the Dividend yield is 5.6 %. (If the stock goes down, Dividend yield goes up). (This makes ONGC a very good portfolio stock).
ONGC...this trade is no gasGood breakout into new price zone..so enter with the stoploss in sight..right to the tgt...just see the chart and u will understand
Target doneTarget done for Ong .. posted few days back
Now it's at resistance , try to undo long positions .
Ong to be longOngc has made a good support and go for long . More discription will be given when I get followers.
ONGC sell for intraday tradingONGC sell for intraday trading if stock Break the given support level then we will enter in trade..
ONGC sell for intraday tradingONGC sell for intraday trading if stock and NIFTY was also weak then we will enter in trade......
ONGC SELL for intraday tradingONGC SELL for intraday trading if stock and NIFTY also weak then we will enter in trade.........
ONGCNear Term Bullish Hangover .
Entry , Stop Loss and Target as shown .
Sell in June after earnings .
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